T.L. ELLIOTT & CO LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-03-31
Overdue
Watchouts
Cash
£3M
Latest balance sheet
Net assets
£13M
highest in 6 filed years
Employees
33
highest in 6 filed years
Profit before tax
£7M
Period ending 2025-05-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-03-31.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-05-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £10,671,794 | £25,141,958 | |
| Operating profit | — | — | — | — | — | £2,380,306 | £6,589,777 | |
| Profit before tax | — | — | — | — | — | £2,392,521 | £6,632,725 | |
| Net profit | — | — | — | — | — | £1,961,718 | £5,818,573 | |
| Cash | £949,463 | £1,687,400 | £1,936,645 | £1,566,968 | — | £6,267,808 | £3,491,811 | |
| Total assets less current liabilities | £2,222,817 | £3,010,452 | £3,227,682 | £3,416,565 | — | £8,680,942 | £13,405,498 | |
| Net assets | £2,159,304 | £2,937,439 | £3,163,119 | £3,304,502 | — | £8,463,903 | £13,216,667 | |
| Equity | £2,159,304 | £2,937,439 | £3,163,119 | £3,304,502 | £3,304,502 | £8,463,903 | £13,216,667 | |
| Average employees | 3 | 3 | 3 | 3 | — | 28 | 33 | |
| Wages | — | — | — | — | — | £939,774 | £2,374,929 | |
| Directors' remuneration | — | — | — | — | — | £25,492 | £25,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2025 · period ending 2025-05-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 22.3% | 26.2% | |
| Net margin | — | — | — | — | — | 18.4% | 23.1% | |
| Return on capital employed | — | — | — | — | — | 27.4% | 49.2% | |
| Current ratio | — | — | — | — | — | 6.03x | 4.71x | |
| Interest cover | — | — | — | — | — | — | 75744.56x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- T.L. ELLIOTT & CO LIMITED 2013-03-13 → present
- THE MAD GROUP LIMITED 2007-12-12 → 2013-03-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- T.L. ELLIOTT & CO LIMITED · parent
- The Mad Group (HQ) Limited 100%
- Align-Pilates Equipment Ltd 100%
- Fitness-Mad Limited 100%
- Yoga-Mad Limited 100%
Significant events
- “In October 2024, the group completed a successful sale to Merrithew International Inc., a leading global player in the Pilates and wellness industry based in Canada. This strategic acquisition aligns the group with a broader international growth strategy, providing access to expanded distribution channels, innovation capacity and operational synergies.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEIDENREICH, Jim | Director | 2024-10-29 | Dec 1966 | American |
| JAMES, Wole | Director | 2024-10-29 | Jun 1980 | Canadian |
| LAY, Michael | Director | 2024-10-29 | Jun 1960 | Canadian |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLIOTT, Charles Alexander | Secretary | 2007-12-12 | 2024-10-29 |
| ELLIOTT, Charles Alexander | Director | 2007-12-12 | 2024-10-29 |
| ELLIOTT, David St John | Director | 2007-12-12 | 2024-10-29 |
| TIMSON, Christopher Rodney Grosvenor | Director | 2014-03-20 | 2017-11-17 |
| WRAY, Marc Thomas | Director | 2014-03-20 | 2014-09-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David St John Elliott | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-29 |
| Mr Charles Alexander Elliott | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-29 |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-12 MA Memorandum articles
- 2024-11-12 RESOLUTIONS Resolution
- 2024-11-12 RESOLUTIONS Resolution
- 2024-11-12 RESOLUTIONS Resolution
- 2024-11-12 RESOLUTIONS Resolution
- 2024-11-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-27 | AA | accounts | Accounts with accounts type group | |
| 2025-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-31 | AA01 | accounts | Change account reference date company current extended | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | MA | incorporation | Memorandum articles | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-29 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.